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Depreciation/fixed assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2014 if fixed assets purchased in cash was omitted in previous year by mistake(whole entry). Can depreciation be claimed this year? How to incorporate it in this year accounts?
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Ganeshbabu K

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Ganeshbabu K (Expert)
27 November 2014 Pass the entry which you would have passed in previous year.

and claim depreciation as per date of entry passed in books
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Rupesh Jain

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Rupesh Jain (Expert)
28 November 2014 you can pass the entry and then claim the deprecation




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